We review the current information on the unique group of visible emiss
ion bands known as the Red Rectangle bands (RRBs). A laboratory spectr
um exactly matching these bands is not yet available; however, there i
s sufficient reason to hypothesize phosphorescence from C-3 as the sou
rce. The points in favor of the C-3/RRB hypothesis can be summarized a
s follows: (1) The RRBs are found in the spatial location where carbon
aceous grains are being impinged upon by a bipolar outflow. (2) C-3 is
known to accompany circumstellar carbon grains and may constitute a '
magic' fragment in the UV photofragmentation of C-n clusters. (3) Our
recent observation of the spin-forbidden CO Cameron emission bands in
this object suggests that charged particle impact excites triplet stat
es. (4) The energy of the lowest triplet state of C-3 is known to be v
ery close to that of the RRBs. (5) The RRBs display a vibrational spac
ing that is quantitatively consistent with C-3, including a rare negat
ive anharmonicity.